Bitcoin

Bitcoin has finally moved out of the bearish trend, which opens up possibilities of a bull market just in time for Q4, as Crypto Rover shared in a <a href="https://www.youtube.com/watch?v&#61;Anvcp7kMms0" rel="noopener noreferrer nofollow">YouTube video</a> on Saturday. Past performance data indicates that markets have performed well in this period, and Bitcoin is already looking good, trading at around $66,000 after breaking through important barriers.Price Trend ReversalLooking at the current price of Bitcoin, he makes several key points in his analysis. Bitcoin price finally escaped from the declining pattern, which has been forming the price trend for several months. Rover pointed out that this breakout and the confirmation of higher highs on the daily chart mean the start of an upward trend. This change in the trend comes after a 200-day consolidation suggesting that Bitcoin is now in the process of preparing for a major surge.The analyst noted that Bitcoin has broken through the previous range high, which means that the asset has only been forming lower highs for some time. This is a reversal pattern, which is important because it shows that <a href="https://cryptotale.org/bitcoin-surges-after-feds-50-point-rate-cut-whats-next/" rel="noopener noreferrer nofollow">Bitcoin</a> is about to make a higher high, something characteristic of the beginning of a bull market.Bitcoin ETF InflowsFurthermore, Rover also highlighted that <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">$490 million</a> has been invested into Bitcoin ETFs, the largest amount since May 2024. Institutional inflows normally occur at market tops, but this time may be different, and institutional investors are positioning themselves for the fourth-quarter rally.<a href="https://cryptotale.org/bitcoin-breaks-downtrend-bull-market-likely-in-q4-2024/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Breaks Downtrend: Bull Market Likely in Q4 2024

CryptoTale

Other articles published on Sep 28, 2024

This Solana Price Chart Pattern Forecasts SOL Could Hit $400

Bullish Donald (BULLDON) Solana Memecoin Will Rally Over 16,000% Before Exchange Listings, While ...

Likuiditas Global Meroket, Bitcoin dan Altcoin Makin Dilirik

Toncoin (TON) Price Promising, Could Pump If This One Resistance Breaks

Limited Upside Potential for XRP and Avalanche (AVAX) Drives Investors to Competitor Primed for a...

FBI Seizes $6 Million from Southeast Asian Fraud Ring

Join our free newsletter for daily crypto updates!